Leasing Restriction Clause Samples

Leasing Restriction. Landlord agrees that it will not lease any space in the Building to a Competitor of Tenant without first obtaining Tenant’s prior written consent. For purposes of this Section, “Competitor” means any company engaged in the manufacturing, sale, distribution, research and development, or marketing of medical devices. This restriction shall be effective only so long as Tenant is occupying at least 50% of the Premises, and shall expire upon the subleasing by Tenant of 50% or more of the Premises (other than to an Affiliate of Tenant) or upon an assignment of this Lease (other than to an Affiliate of Tenant).

Leasing Restriction. So long as Tenant or any Permitted Transferee meets the Signage Criteria and no uncured monetary event of default exists under this lease following notice and the expiration of any applicable cure period, Landlord agrees that Landlord shall not enter into a lease for any space in the Building or consent to an assignment or sublease of any space in the Building to a tenant whose primary use of the Premises is for the origination and sale of residential mortgages. If Tenant (or its Permitted Transferee) no longer meets the Signage Criteria, the foregoing exclusive shall be deemed null and void and of no further force or effect for the remainder of the term of the lease (including any extensions or renewals).

Leasing Restriction. Without the prior written consent of Investor Member, PECO Member shall not, nor shall it permit any other PECO Control Group member to, enter into a New Lease with a Restricted Tenant for a vacancy in a Competing Building. In no event shall the foregoing restriction apply if: (i) the Restricted Tenant continues to occupy the applicable Property pursuant to the terms of its existing lease, or (ii) the Restricted Tenant seeks new retail space, and (x) was not initially solicited by a PECO Control Group member for the purpose of leasing or relocating to a Competing Building, (y) was informed of such space in a Competing Building from general solicitations to the public pursuant to advertisements, signage or otherwise, or (z) hires a broker or consultant to assist such Restricted Tenant in evaluating retail space. None of the PECO Control Group members shall be restricted or limited in any way whatsoever with respect to any leasing activities not expressly prohibited by the express terms of this Section 3.1(C), including, without limitation, leasing space to any entity that is not a Restricted Tenant or leasing space to a Restricted Tenant in a building that is not a Competing Building. If PECO Member violates the terms of this Section 3.1(C) during the term of the Company resulting in a Leasing Restriction Violation, such Leasing Restriction Violation shall constitute a Bad Act for purposes of this Agreement. Subject to any applicable confidentiality restrictions prohibiting the same, PECO Member shall deliver an annual report to Investor Member reflecting the following information with respect to any New Leases entered into by a PECO Control Group member during such applicable period at a Competing Building: (i) name of the tenant and (ii) location of the Competing Building. In the event Investor Member requests additional economic or square footage information about a particular New Lease, PECO Member shall provide it, subject to any applicable confidentiality, contractual, legal or fiduciary restrictions prohibiting or limiting same.

Leasing Restriction. The following new Paragraph 3.8 is added to the Lease:

Leasing Restriction. Subject to the terms of this Paragraph 11, during the New Term and, if so exercised, the renewal term referenced in Paragraph 10 above, Landlord shall not lease space in the Building to (or, except with regard to leases in effect as of the date hereof, permit a sublease of space in the Building to) any of the following competitors of Tenant (each a “Tenant Competitor”): Cisco, Splunk or ServiceNow (the “Leasing Restriction”). Notwithstanding the foregoing, the Leasing Restriction shall be inapplicable if, as of the date Landlord desires to lease space in the Building to a particular Tenant Competitor (i) there exists an uncured monetary Event of Default or a material non-monetary Event of Default, or (ii) Tenant originally named herein (and/or an Affiliate thereof) is not the Tenant under this Lease or (iii) Tenant (and/or an Affiliate thereof) is not actively conducting, in at least eight-five percent (85%) of the Premises then covered by the Lease, a business which is still reasonably deemed competitive with the business then conducted by the Tenant Competitor. If the Leasing Restriction became inapplicable due to the occurrence of any of the clauses in the immediately preceding sentence, then the Leasing Restriction shall permanently be terminated.

Leasing Restriction. Except as otherwise authorized by a waiver granted by the City as specifically enumerated herein, no owner of a Lot shall rent or lease such Lot or any portion of a Lot for business, speculative investment or any other purpose, including but not limited to short- term rentals, including but not limited to “Airbnb” or “Vrbo” (the “Lease Restriction”). The City, in its sole discretion may grant a waiver to the Lease Restriction for any hardship situation that may require temporary leasing such as a call to military service, a temporary job transfer or a family illness that forces an owner to move for a limited period of time. Any waiver granted under this provision must be in writing, signed by the City, and shall expire within one (1) year of being granted unless otherwise extended in writing by the City. Nothing in this paragraph shall prevent the owner of a lot from renting the home as a long-term traditional residential rental.

Leasing Restriction. Seller hereby covenants and agrees that from and after the Commencement Date and continuing through December 31, 2014, neither Seller nor its affiliates will enter into any lease agreement for space in any building owned by Seller or its affiliates in the portion of Charlotte, North Carolina located within the I-277 Loop with ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP or PriceWaterhouseCoopers or any of their respective affiliates.

Leasing Restriction. Landlord hereby agrees with Tenant that Landlord shall not enter into a lease of (a) more than 1,000 square feet of space in the Building with a residential mortgage company, or (b) more than 5,000 square feet of space in the Building with another bank, without the express written consent of Abington Savings Bank, provided that this restriction shall expire and have no further force or effect during the last twelve (12) months of the Term (unless Tenant shall have exercised any then existing options to extend the Term pursuant to Article XV, in which event this restriction shall remain in effect until the last twelve (12) months of the Term as so extended).